retail in NE24

Regent Street, Blyth, Northumberland, NE24 1LP

£85,000

Alternatively call 0191 580 1587 or email commercial@pattinson.co.uk

  • Two storey end-terrace property
  • A1 retail unit with storage above
  • Tenanted investment
  • Currently let for £7,500 per annum
  • Great central location
  • Freehold title

retail in NE24

We are pleased to offer to the market this tenanted two storey end terraced property, centrally located along Regent Street, Blyth town centre. The property comprises a ground floor retail unit which comprises of a main sales floor, kitchenette, storage and W.C., with further storage space above. The property benefits from electric heating and suspended ceiling. Currently let to a cake shop, the property generates £7,500 per annum translating to a gross yield of 9.17%, making this an ideal investment opportunity.

Summary

  • Property Type: Retail
  • Tenure: Freehold
  • Parking: Allocated

Location

The property is located along Regent Street, Blyth. The property is well located being in Blyth Town Centre as well as being close to local transport links, with the closest bus stop being a short walk away. The subject property is 17 miles north of Newcastle Upon Tyne and 11 miles east of Morpeth.

Accommodation

GROUND FLOOR:
Retail area
Kitchenette
Store
W.C.

FIRST FLOOR
Storage space

NIA 81.1sqm (873sqft)

Tenure

Freehold. Title number ND71052.

Lease Information

We have been verbally advised that the property is let for £7,500pa on an 3 year lease, which commenced July 2019.

Rateable Value

The adopted rateable value is £12,500 as effective from 01 APRIL 2017.
Sourced from VOA.

EPC

Available upon request (rating E).

Additional Information

For further information please contact our office direct on 0191 737 1154, or alternatively via e-mail on commercial@pattinson.co.uk. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.